India is recalibrating its semiconductor strategy under the Semicon Mission 2.0. A sharper focus will be placed on attracting investment in memory chip manufacturing, as the government looks to boost its position in the global electronics supply chain.

Officials are now prioritising segments such as DRAM (Dynamic Random Access Memory) and NAND (Not AND) flash memory, which are used across consumer electronics, data centres and electric vehicles. The shift comes as India seeks to address gaps in domestic chip production and reduce reliance on imports.

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Push Towards Memory Chip Ecosystem

The government’s revised approach under Semicon Mission 2.0 aims to build a targeted yet viable semiconductor ecosystem. Memory chips, which account for a significant share of global semiconductor demand, are being seen as a strategic entry point for India.

Policy support is expected to be aligned accordingly, with incentives structured to attract global players in the memory segment. Officials believe this approach could offer faster scaling and clearer visibility into demand compared to more complex logic-chip manufacturing.

The move also reflects ongoing global supply chain realignments, as countries compete to localise semiconductor production amid geopolitical uncertainties and rising demand for electronics.

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Industry Response and Strategic Outlook

Industry stakeholders have indicated that a focused push on memory chips could improve investor confidence, especially as earlier semiconductor proposals faced delays and execution challenges.

Experts note that memory manufacturing requires significant capital investment but offers relatively standardised production processes, making it a more feasible starting point for emerging semiconductor markets such as India.

The government is expected to continue engaging with global semiconductor firms, while also strengthening infrastructure, talent development and supply chain support. The recalibration under Semicon Mission 2.0 signals a more pragmatic approach, as India aims to establish itself as a credible player in the global semiconductor landscape.